Close Brothers Group plc (CBG) Q2 2024 Earnings Call

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WEBVTT 00:00:00.436 -- 00:00:05.582 Ladies and gentlemen, welcome to the Close Brothers Group Half Year Results 2024 00:00:05.582 -- 00:00:07.324 presentation. 00:00:07.324 -- 00:00:12.528 My name is Torben and I will be the operator for your call this morning. 00:00:12.571 -- 00:00:17.076 If you would like to ask a question during the question and answer session on today's 00:00:17.076 -- 00:00:23.682 call, you can do so by pressing star followed by one on your telephone keypad. 00:00:24.345 -- 00:00:28.970 We are now going live to the presentation room where you may hear silence or background 00:00:28.970 -- 00:00:31.951 noise until the call begins. 00:00:51.095 -- 00:00:56.261 Good morning and welcome to the presentation of Close Brothers first half 2024 00:00:56.261 -- 00:00:57.943 results. 00:00:57.943 -- 00:01:02.369 I'll start with a brief reflection on our performance in the first half. 00:01:02.369 -- 00:01:07.655 Mike will then cover our financials. I'll come back and talk about recent development, 00:01:07.655 -- 00:01:13.262 the FCA's announcement of the review into motor finance and also our strategy update. 00:01:13.262 -- 00:01:18.223 At the end we welcome your questions which you can submit either by the telephone conference 00:01:18.223 -- 00:01:24.168 line or over the webcast, either submitted during the presentation. 00:01:24.351 -- 00:01:28.276 Our businesses delivered around the first half. 00:01:28.276 -- 00:01:33.540 In banking, the loan book increased 4%, with discipline 00:01:37.067 -- 00:01:42.394 and improved credit performance. CBAN delivered net inflows of 9%, although winter 00:01:42.394 -- 00:01:47.120 floods performance remains affected by weakness in retail trading activity. 00:01:47.120 -- 00:01:51.224 we maintained our strong balanc...